Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$213,454$213,454$234,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$33,546$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.852%7.640%
1st payment$1,414.86$1,414.86$1,620.17
2nd payment$0.00$331.96$0.00
Taxes / mo$85.25$85.25$85.25
Insurance / mo$150.00$150.00$150.00
MI / mo$100.81$100.81$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,750.92$2,082.88$1,902.22
Cash to close$46,546$13,000$26,000